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Fracking: borrowed money, junk bonds, and napalm down wells?
What could possibly go wrong with financing fracking with with junk bonds? I mean, fracking means prosperity forever and this boom was supposed to be endless. Except for when the price of oil crashes and overly-leveraged drilling companies can’t make debt payments. Then they file for bankruptcy and all those junk bonds, which can sometimes  be … Continue reading Fracking: borrowed money, junk bonds, and napalm down wells?